Bangkok Expressway and Metro Pcl. (SET: BEM) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Thousand Baht |
1,010,097 |
2,051,090 |
| Earning Per Share (Baht) |
0.07 |
0.13 |
| % Change | 50.8 | |
BEM’s net profit in the fiscal year 2021 stood at Baht 1,010 Million, representing a decrease from the previous year by Baht 1,041 Million or 50.8 percent.
Contribution in revenue from expressway business was at Baht 6,450 Million representing a decrease from the year 2020 by Baht 1,695 Million or 20.8 percent, mainly from the effect of continuous infection and mutation of COVID-19 during the year, resulted to a decrease in the number of the Expressway users. The average traffic volume of the year 2021 was at 849,700 trips per day representing a decrease from the previous year by 19.1 percent.
Revenue from Rail business amounted to Baht 3,454 Million, representing a decrease from the year 2020 by Baht 1,066 Million or 23.6 percent. Revenue from O&M services of the Purple Line Project was as stated in the agreement. Farebox revenue from the MRT Blue Line Project decreased from the COVID-19 which was widely affect in the series of wave, resulted to a decrease in ridership when compared with the previous year. The average ridership in the year 2021 was at 146,700 trips per day representing a decrease by 43.7 percent, and the average ridership per working day was at 172,300 trips per day representing a decrease by 44.2 percent.
Commercial Development revenue was at Baht 822 Million which had not increase from the previous year due to the effect of COVID-19 and the Company’s measures to support the business alliances. Cost of Commercial Development business was at Baht 284 Million representing a decrease from the previous year by Baht 5 Million or 1.7 percent.
